Agency
In Alaska, an 'exclusive right-to-sell' listing agreement protects the broker's commission when:
AOnly if the broker personally finds the buyer
BAny buyer purchases the property during the listing term, regardless of who found the buyer✓ Correct
COnly if the buyer uses the broker's mortgage services
DThe property sells for at least the listed price
Explanation
Under an exclusive right-to-sell listing, the listing broker earns a commission when the property sells during the listing term, regardless of who procured the buyer — including if the seller finds their own buyer. This provides the broker with the strongest protection.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Math Concepts
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